Peering Into O'Reilly Automotive's Recent Short Interest
Portfolio Pulse from Benzinga Insights
O'Reilly Automotive (NYSE:ORLY) has seen a decrease in short interest, with the short percent of float dropping 4.17% since the last report. The company has 1.21 million shares sold short, representing 2.07% of available shares. The average time to cover these short positions is 2.68 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. O'Reilly Automotive's short interest is below its peer group average of 13.12%.
January 04, 2024 | 4:15 pm
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O'Reilly Automotive's short interest has decreased, which may suggest a more bullish sentiment among investors. The company's short interest is lower than the peer group average.
A decrease in short interest typically indicates that investors are less bearish on a stock, which could lead to a potential increase in its price in the short term. Since O'Reilly Automotive's short interest is lower than its peers, this could be viewed positively by the market. However, the article does not guarantee a price rise, so the score is cautiously optimistic.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80